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Bill > HR2096


US HR2096

US HR2096
Energy Storage Tax Incentive and Deployment Act of 2019


summary

Introduced
04/04/2019
In Committee
04/04/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to provide tax credits for energy storage technologies, and for other purposes. This bill allows tax credits for (1) energy storage technologies, and (2) battery storage technology. The bill expands the tax credit for investments in energy property to include equipment that (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including hydrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours. The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.

AI Summary

This bill aims to provide tax credits for energy storage technologies. It amends the Internal Revenue Code to expand the existing tax credit for investments in energy property to include equipment that stores and delivers energy using various technologies, such as batteries, compressed air, and hydrogen storage. The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology installed in dwelling units. The tax credits are applicable for property placed in service or expenditures paid or incurred after December 31, 2018.

Committee Categories

Budget and Finance

Sponsors (62)

Michael Doyle (D)* Don Bacon (R),  Nanette Barragán (D),  Don Beyer (D),  Earl Blumenauer (D),  Suzanne Bonamici (D),  Julia Brownley (D),  Vern Buchanan (R),  Cheri Bustos (D),  Ed Case (D),  Gil Cisneros (D),  Yvette Clarke (D),  TJ Cox (D),  Jason Crow (D),  Danny Davis (D),  Susan Davis (D),  Diana DeGette (D),  Suzan DelBene (D),  Mark DeSaulnier (D),  Eliot Engel (D),  Bill Foster (D),  John Garamendi (D),  Raúl Grijalva (D),  Debra Haaland (D),  Josh Harder (D),  Jaime Herrera Beutler (R),  Joseph Kennedy (D),  Dan Kildee (D),  Derek Kilmer (D),  Andy Kim (D),  Ann Kirkpatrick (D),  Rick Larsen (D),  Barbara Lee (D),  Mike Levin (D),  Daniel Lipinski (D),  Zoe Lofgren (D),  Ben Ray Luján (D),  Grace Meng (D),  Grace Napolitano (D),  Joe Neguse (D),  Jimmy Panetta (D),  Chris Pappas (D),  Bill Pascrell (D),  Scott Peters (D),  Dean Phillips (D),  Chellie Pingree (D),  Mark Pocan (D),  Katie Porter (D),  Francis Rooney (R),  Raul Ruiz (D),  Dutch Ruppersberger (D),  Linda Sánchez (D),  Terri Sewell (D),  Mikie Sherrill (D),  Adam Smith (D),  Darren Soto (D),  Abigail Spanberger (D),  Tom Suozzi (D),  Paul Tonko (D),  Jeff Van Drew (R),  Nydia Velázquez (D),  Peter Welch (D), 

Last Action

Referred to the House Committee on Ways and Means. (on 04/04/2019)

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